8, CAVALRY CLOSE, MELTON MOWBRAY, LE13 0SZ - £207,500

Based on the August 2024 Price Paid Data (released on 27th September 2024), the July 2024 House Price Index (released on 18th September 2024), and the August 2024 Energy Performance of Buildings Data (released on 3rd October 2024). Sources

8 CAVALRY CLOSE is a very small detached house of 70m², built sometime between 1996 and 2002. It was last sold for £207,500 in February 2017, which was around 30% below the average February 2017 detached price in the Melton local authority area. The most recent EPC inspection was April 2015, where the current energy rating was C, and the potential energy rating was A.

8 CAVALRY CLOSE Sold Prices

Land registry data shows three sales for 8 CAVALRY CLOSE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Melton local authority area for the corresponding sale date. All of the three 8 CAVALRY CLOSE sales were for below the average price. The average price is sourced from the Office for National Statistics' House Price Index (HPI).

Date	Price	HPI Price	Variation from HPI
2017 3 FEB	£207,500	£294,770	30% below HPI
2016 22 JAN	£178,000	£261,800	32% below HPI
2002 13 DEC	£106,995	£164,608	35% below HPI

8 CAVALRY CLOSE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Melton local authority area over time, sourced from the HPI. The three 8 CAVALRY CLOSE sales between December 2002 and February 2017 have been plotted on the graph. A line has been extrapolated to show what the value of the property might have been over time, following each sale, had it maintained the same margin above or below the HPI (as a percentage). For example, the January 2016 sale was for 32% below the HPI. So the extrapolation line tracks at 32% below the HPI over time, until the February 2017 sale, where it rises to 30% below the HPI. The line then continues to track at 30% below the HPI.

How Large is 8 CAVALRY CLOSE?

8 CAVALRY CLOSE is 70m² according to the EPC inspection conducted in April 2015. This puts it in the smallest 10% of detached houses in Melton Mowbray, based on EPC data. The below chart shows the distribution of detached houses by size in Melton Mowbray, and where 8 CAVALRY CLOSE lies on this distribution: 7% of detached houses are smaller than 8 CAVALRY CLOSE, and 93% of houses are larger. Note that EPC data is not available for all properties in Melton Mowbray.

8 CAVALRY CLOSE: Plot and Title Map

8 CAVALRY CLOSE sits on a plot of roughly 0.052 of an acre, or 210m². The below map shows the location of 8 CAVALRY CLOSE, an approximate outline of the building(s), and the indicative extent of the property. The plot extent is a Land Registry INSPIRE Index Polygon, and it is important to note that a title may include more than one polygon, whereas only one polygon is shown on the map (the polygon which intersects with the position of 8 CAVALRY CLOSE). The full extent of the land contained in any registered title can only be identified from the individual title plan. The maps on this page should not be relied upon to establish the extent of a title.

Where is 8 CAVALRY CLOSE?

8 CAVALRY CLOSE is located in MELTON MOWBRAY, in the LE13 postcode district. The below map shows the position of No. 8 on CAVALRY CLOSE.